Egypt buys 30 Rafale fighter jets from French Dassault Aviation

Photo: AP

Egypt's military confirmed it ordered 30 Rafale jets from French defence firm Dassault Aviation to shore up "national security", AFP reported. The order, which follows the 2015 purchase of 24 Rafale jets, will be financed through a 10-year loan, the military said in a statement late Monday.

Investigative site Disclose had reported earlier Monday that the order was part of a secret mega-defence deal worth almost €4 bn ($4.8 bn.

Egypt is the world's third biggest arms importer after Saudi Arabia and India, according to the Stockholm International Peace Research Institute.

Its arms purchases grew by 136% over the last decade and it has diversified its sourcing beyond the US, buying military equipment from France, Germany and Russia, the institute said in a report released earlier this year.

The new Rafale deal "reinforces the strategic and military partnership between France and Egypt," French Defence Minister Florence Parly said in a statement on Tuesday.

Cairo has positioned itself as a bulwark of stability in the region as the conflict in its western neighbour Libya grinds on. President Abdel Fattah al-Sisi and French counterpart Emmanuel Macron enjoy a close relationship built on mutual security interests.

 

Similar articles

  • US urges G20 to raise minimum tax above 15%

    US urges G20 to raise minimum tax above 15%

    US Treasury Secretary Janet Yellen will seek tools to press G20 countries at a meeting this week for a global minimum corporate tax rate that exceeds previously agreed 15% by 130 countries. Still the decision on the rate is not expected until future negotiations, Reuters reported, quoting US Treasury officials.

    47
  • Eurozone factories boost output as raw materials surge

    Eurozone factories boost output as raw materials surge

    The factory activity of the Eurozone posted a record pace of growth in June but managers warned of record surge in costs of input materials, Reuters reported quoting official EU statistics data. The rise in prices of raw materials proves to be strongest in almost twenty years. During the Covid -19 lockdowns across the EU government restrictions led to a devastating slump in the dominant service sector but the industrial plants largely continued to operate.

    65
  • Economic sentiment in Eurozone surges to 21-year-high

    Economic sentiment in Eurozone surges to 21-year-high

    The Economic Sentiment Indicator (ESI) of the Eurozone peaked to a 21-year high in June, fueled by accelerated vaccination and economic reopening in Western countries, Reuters reported. The general recovery was led by restored activity and high demand in service and retail sectors. The European Commission's monthly sentiment survey for the 19 Member States of the Eurozone showed optimism had risen to 117.9 points in June from 114.5 in May, exceeding forecast estimates of 116.5.

    52